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Rs 6000-crore mark breached: Bidding war hots up in race for BCCI broadcast rights

Through: Specific Internet Table | New Delhi |

Up to date: April four, 2018 10:25:13 pm


BCCI, BCCI rights, BCCI media rights, BCCI news, BCCI updates, sports news, cricket, Indian ExpressBCCI, BCCI rights, BCCI media rights, BCCI news, BCCI updates, sports news, cricket, Indian Express Bidding stopped at Rs 6032.five crore, a staggering 56 in keeping with cent greater than what BCCI had bought the rights to Celebrity for in 2012.

Bidding for the media rights of India’s house video games has crossed the Rs 6,000-crore mark, with broadcast competitors Celebrity and Sony elevating the stakes on day two of BCCI’s e-auction.

Bidding stopped at Rs 6032.five crore, a staggering 56 in keeping with cent greater than what BCCI had bought the rights to Celebrity for in 2012. This takes the in keeping with fit worth to Rs 59.16 for 102 world video games throughout 3 codecs of the sport. It used to be prior to now Rs 43 crore in keeping with fit between 2012-18.

“That is the ability of Indian cricket. It could face up to any more or less negativity, administrative mess or even larger controversies. The possible bidders know that during India, just one game can come up with correct go back on funding. We don’t know who has the highest bid however the development signifies that every one 3 are nonetheless within the race should you see the bid quantities,” a senior BCCI legitimate, who’s monitoring the public sale, informed PTI as of late.

The BCCI brass is now hoping the bids would breach the Rs 7000 crore mark, leading to providence income for the cricket frame.

“Each and every bidder has its threshold. They’re slowly achieving that time. If it reaches Rs 7000 crore, it’s going to be some other landmark monetary deal for Indian cricket,” stated the legitimate.

A transparent winner is more likely to emerge past due on Thursday afternoon.

The day began with best GCR bid of Rs 4442 crore. Due to this fact, one of the vital best bids have been Rs 4565.20 crore, Rs 5488.30 crore, Rs 5748 crore. It breached Rs 6000 crore mark (Rs 6001 crore) at round four:30 pm sooner than remaining at 6032.five crore, mins sooner than the cut-off time of 6 pm. Reliance’s Jio, one of the most new entrants to this 12 months’s public sale, also are within the run for the virtual broadcast rights.

with PTI inputs

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